New Risk • May 06
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 23% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (14% net profit margin). Annonce • Mar 31
Shenzhen Coship Electronics Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Shenzhen Coship Electronics Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 31
Full year 2025 earnings released: EPS: CN¥0.24 (vs CN¥0.09 in FY 2024) Full year 2025 results: EPS: CN¥0.24 (up from CN¥0.09 in FY 2024). Revenue: CN¥691.0m (up 15% from FY 2024). Net income: CN¥180.2m (up 159% from FY 2024). Profit margin: 26% (up from 12% in FY 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 70% per year, which means it is significantly lagging earnings growth. Annonce • Mar 31
Shenzhen Coship Electronics Co., Ltd., Annual General Meeting, Apr 21, 2026 Shenzhen Coship Electronics Co., Ltd., Annual General Meeting, Apr 21, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Annonce • Dec 31
Shenzhen Coship Electronics Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Shenzhen Coship Electronics Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.038 (vs CN¥0.029 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.038 (up from CN¥0.029 in 3Q 2024). Revenue: CN¥117.1m (down 27% from 3Q 2024). Net income: CN¥28.8m (up 32% from 3Q 2024). Profit margin: 25% (up from 14% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 78% per year, which means it is significantly lagging earnings growth. Annonce • Sep 30
Shenzhen Coship Electronics Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Shenzhen Coship Electronics Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥17.08, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 88x in the Communications industry in China. Total returns to shareholders of 624% over the past three years. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥11.96, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 76x in the Communications industry in China. Total returns to shareholders of 392% over the past three years. Reported Earnings • Jul 28
Second quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.043 loss in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.10 (up from CN¥0.043 loss in 2Q 2024). Revenue: CN¥226.2m (up CN¥190.9m from 2Q 2024). Net income: CN¥77.4m (up CN¥109.3m from 2Q 2024). Profit margin: 34% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 67% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 11
Now 20% undervalued Over the last 90 days, the stock has risen 88% to CN¥11.70. The fair value is estimated to be CN¥14.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 46% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥11.21, the stock trades at a trailing P/E ratio of 41.9x. Average trailing P/E is 67x in the Communications industry in China. Total returns to shareholders of 354% over the past three years. Annonce • Jul 02
Shenzhen Coship Electronics Co., Ltd. to Report First Half, 2025 Results on Aug 20, 2025 Shenzhen Coship Electronics Co., Ltd. announced that they will report first half, 2025 results on Aug 20, 2025 New Risk • Jul 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥8.71, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 67x in the Communications industry in China. Total returns to shareholders of 338% over the past three years. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥8.03, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 67x in the Communications industry in China. Total returns to shareholders of 458% over the past three years. Reported Earnings • Apr 23
First quarter 2025 earnings released: EPS: CN¥0.17 (vs CN¥0.006 loss in 1Q 2024) First quarter 2025 results: EPS: CN¥0.17 (up from CN¥0.006 loss in 1Q 2024). Revenue: CN¥313.5m (up CN¥272.4m from 1Q 2024). Net income: CN¥125.7m (up CN¥129.9m from 1Q 2024). Profit margin: 40% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 69% per year, which means it is significantly lagging earnings growth. Annonce • Apr 22
Shenzhen Coship Electronics Co., Ltd., Annual General Meeting, May 13, 2025 Shenzhen Coship Electronics Co., Ltd., Annual General Meeting, May 13, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Board Change • Apr 03
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Non-Independent Director Xintang You was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 02
Shenzhen Coship Electronics Co., Ltd. Approves Board Elections Shenzhen Coship Electronics Co., Ltd. at its Extraordinary General Meeting held on 31 March 2025 approved the election of You Xintang, Lin Feng and Zhang Chunyin as non-independent director. The company approved the election of Hu Tao and Zhao Cheng as independent director. Annonce • Mar 31
Shenzhen Coship Electronics Co., Ltd. to Report Q1, 2025 Results on Apr 22, 2025 Shenzhen Coship Electronics Co., Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025 New Risk • Jan 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Negative equity (-CN¥30m). Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change). Annonce • Dec 31
Shenzhen Coship Electronics Co., Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025 Shenzhen Coship Electronics Co., Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.029 (vs CN¥0.012 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.029 (up from CN¥0.012 loss in 3Q 2023). Revenue: CN¥161.0m (up 209% from 3Q 2023). Net income: CN¥21.8m (up CN¥30.8m from 3Q 2023). Profit margin: 14% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Annonce • Sep 30
Shenzhen Coship Electronics Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Shenzhen Coship Electronics Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Jul 31
Second quarter 2024 earnings released: CN¥0.043 loss per share (vs CN¥0.039 loss in 2Q 2023) Second quarter 2024 results: CN¥0.043 loss per share (further deteriorated from CN¥0.039 loss in 2Q 2023). Revenue: CN¥35.3m (down 39% from 2Q 2023). Net loss: CN¥31.9m (loss widened 11% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Annonce • Jun 29
Shenzhen Coship Electronics Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Shenzhen Coship Electronics Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 New Risk • Jun 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CN¥693.7m (US$95.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥53m free cash flow). Negative equity (-CN¥12m). Minor Risk Market cap is less than US$100m (CN¥693.7m market cap, or US$95.7m). New Risk • Apr 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥53m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥53m free cash flow). Negative equity (-CN¥12m). Annonce • Apr 21
Shenzhen Coship Electronics Co., Ltd., Annual General Meeting, May 13, 2024 Shenzhen Coship Electronics Co., Ltd., Annual General Meeting, May 13, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China New Risk • Apr 20
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CN¥6.5m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. This is currently the only risk that has been identified for the company. Annonce • Mar 30
Shenzhen Coship Electronics Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Shenzhen Coship Electronics Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Annonce • Dec 30
Shenzhen Coship Electronics Co., Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024 Shenzhen Coship Electronics Co., Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: CN¥0.012 loss per share (vs CN¥0.002 loss in 3Q 2022) Third quarter 2023 results: CN¥0.012 loss per share (further deteriorated from CN¥0.002 loss in 3Q 2022). Revenue: CN¥52.2m (down 36% from 3Q 2022). Net loss: CN¥8.95m (loss widened 463% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 29
Second quarter 2023 earnings released: CN¥0.039 loss per share (vs CN¥0.014 loss in 2Q 2022) Second quarter 2023 results: CN¥0.039 loss per share (further deteriorated from CN¥0.014 loss in 2Q 2022). Revenue: CN¥57.6m (up 10% from 2Q 2022). Net loss: CN¥28.8m (loss widened 167% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Annonce • Jul 01
Shenzhen Coship Electronics Co., Ltd. to Report First Half, 2023 Results on Jul 29, 2023 Shenzhen Coship Electronics Co., Ltd. announced that they will report first half, 2023 results on Jul 29, 2023 Board Change • Nov 16
High number of new and inexperienced directors There are 12 new directors who have joined the board in the last 3 years. The company's board is composed of: 12 new directors. No experienced directors. No highly experienced directors. Supervisor Qi Ai is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 25
Third quarter 2022 earnings released: CN¥0.002 loss per share (vs CN¥0.042 loss in 3Q 2021) Third quarter 2022 results: CN¥0.002 loss per share (improved from CN¥0.042 loss in 3Q 2021). Revenue: CN¥81.5m (up 116% from 3Q 2021). Net loss: CN¥1.59m (loss narrowed 95% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 20
Second quarter 2022 earnings released: CN¥0.014 loss per share (vs CN¥0.013 loss in 2Q 2021) Second quarter 2022 results: CN¥0.014 loss per share (down from CN¥0.013 loss in 2Q 2021). Revenue: CN¥52.3m (up 45% from 2Q 2021). Net loss: CN¥10.8m (loss widened 8.7% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • May 02
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: CN¥0.028 loss per share (down from CN¥0.021 loss in 1Q 2021). Revenue: CN¥16.2m (down 56% from 1Q 2021). Net loss: CN¥21.1m (loss widened 31% from 1Q 2021). Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. 3 highly experienced directors. Supervisor De-Hua Hu is the most experienced director on the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 21
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: CN¥0.25 loss per share (down from CN¥0.21 loss in FY 2020). Revenue: CN¥139.2m (down 52% from FY 2020). Net loss: CN¥185.7m (loss widened 21% from FY 2020). Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 31
Third quarter 2021 earnings released: CN¥0.042 loss per share (vs CN¥0.044 loss in 3Q 2020) The company reported a soft third quarter result with weaker revenues and control over costs, although losses reduced. Third quarter 2021 results: Revenue: CN¥37.8m (down 32% from 3Q 2020). Net loss: CN¥31.4m (loss narrowed 4.6% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 31
Second quarter 2021 earnings released: CN¥0.013 loss per share (vs CN¥0.013 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: CN¥36.1m (down 62% from 2Q 2020). Net loss: CN¥9.93m (loss widened 1.0% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 05
First quarter 2021 earnings released The company reported a soft first quarter result with weaker revenues and control over costs, although losses reduced. First quarter 2021 results: Revenue: CN¥36.4m (down 58% from 1Q 2020). Net loss: CN¥16.0m (loss narrowed 27% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 32% per year. Reported Earnings • Apr 18
Full year 2020 earnings released: CN¥0.20 loss per share (vs CN¥0.27 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: CN¥290.4m (down 63% from FY 2019). Net loss: CN¥145.3m (loss narrowed 26% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 25
New 90-day high: CN¥1.40 The company is up 4.0% from its price of CN¥1.35 on 27 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is down 13% over the same period. Is New 90 Day High Low • Dec 23
New 90-day low: CN¥1.01 The company is down 27% from its price of CN¥1.38 on 24 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 11% over the same period. Is New 90 Day High Low • Nov 27
New 90-day low: CN¥1.35 The company is down 11% from its price of CN¥1.51 on 28 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 9.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥233.1m, with losses narrowing by 20% from the prior year. Total revenue was CN¥344.9m over the last 12 months, down 60% from the prior year. Is New 90 Day High Low • Oct 19
New 90-day high: CN¥1.75 The company is up 36% from its price of CN¥1.29 on 21 July 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 5.0% over the same period. Annonce • Sep 02
Nantong New East District Investment Development Co., Ltd agreed to acquire 5% stake in Nantong Tongzhou Video Technology Development Co., Ltd. from Shenzhen Coship Electronics Co., Ltd. (SZSE:002052) for CNY 8.3 million. Nantong New East District Investment Development Co., Ltd agreed to acquire 5% stake in Nantong Tongzhou Video Technology Development Co., Ltd. from Shenzhen Coship Electronics Co., Ltd. (SZSE:002052) for CNY 8.3 million on August 28, 2020. After the completion of the transfer, Shenzhen Coship Electronics Co., Ltd. will no longer hold the equity of Nantong Tongzhou Video. As of December 31, 2019, Nantong Tongzhou Video Technology Development Co., Ltd. had total assets of CNY 1.1 trillion, net assets of CNY 831 million, operating revenue of CNY 273 million, operating loss of CNY 6.2 billion and net loss of CNY 6.3 billion. The 70th meeting of the fifth board of directors of Shenzhen Coship Electronics Co., Ltd. reviewed and approved the transaction with 6 votes in favor, 0 votes against, and 0 abstentions. The transaction does not require the approval of the company's shareholders meeting. Annonce • Aug 11
Shenzhen Coship Electronics Co., Ltd. to Report First Half, 2020 Results on Aug 27, 2020 Shenzhen Coship Electronics Co., Ltd. announced that they will report first half, 2020 results on Aug 27, 2020